IAA Holdings, LLC

Westchester, IL Wholesale tradeNAICS 423100

Self-funded health planPlan year 2024Renews January
5,864ParticipantsFirst year on file
$13.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#4 of 29Wholesale trade in ILBy participants

Overview

IAA Holdings, LLC sponsors a self-funded health plan that covered 5,864 participants in plan year 2024. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
5,864
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
IAA, Inc. Welfare Plan, plan 502 (5,864 participants); IAA, Inc. Flexible Benefits Plan, plan 501 (1,202 participants)
Broker compensation
$89K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilityDeath benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Vision Service PlanVision4,016$569K$7K
Metropolitan General Insurance CompanyLegal756$135K$22K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$13.9M/ year

Estimated prescription spend: 5,864 participants × $2,371 national average per member. Usually higher once dependents are counted.

$361K–$891K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$106K–$264K
Lower-cost therapeutic alternatives$154K–$323K
Generic pricing vs. actual cost$67K–$200K
PBM contract terms$35K–$104K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2024
Plan sponsor
IAA Holdings, LLC
Sponsor EIN
92-2877635
Plan numbers
502, 501
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 92-2877635 in the Department of Labor's EFAST2 Form 5500 search.

About this data

Source: IAA Holdings, LLC's Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with IAA Holdings, LLC.

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